Crypto Technicals: Monero (XMR) resumes weakness, upside rejected at 200-DMA

XMR/USD chart - Trading View 

Exchange - Kraken

Support: 72.25 (5-DMA); Resistance: 75.65 (200-DMA)

Technical Analysis: Bias Bearish

XMR/USD trades 2.54% lower on the day at 73.35 at 10:00 GMT, bias bearish.

The pair halted upside, was rejected at 200-DMA which offers stiff resistance at 75.65.

RSI is well below 50 mark and price action is below cloud and major moving averages.

5-DMA is immediate support at 72.25. Break below will see dip till 61.8% Fib at 68.82 ahead of trendline support at 64.85.

200-DMA is strong resistance at 75.65. Break above finds next major resistance at 21-EMA at 77.14.